Egypt to launch container ships blocking Suez Canal in March After agreeing a compensation agreement with the shipowner and the insurer
Both sides said Ever Given would be allowed on slotxo Wednesday to leave Great Bitter Lake, the halfway point of which the canal was seized.The terms of the agreement were not disclosed. But Egypt demanded $550 million (397 million pounds).
The 400-meter (1,312-foot) Ever Give was trampled across a canal after running a cart in high winds.Six days later it was released following a salvage operation involving a tug and dredger fleet. and during that time one person died.
World trade has stalled as hundreds of ships wait to pass through the 193 km (120 miles) long waterway that connects the Mediterranean with the Red Sea and provides the shortest sea link between Asia and Europe.